The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It's yet another data point that underlines the country's economic strength, even in the face of 11 rate hikes from the Federal Reserve.

The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It’s yet another data point that underlines the country’s economic strength, even in the face of 11 rate hikes from the Federal Reserve.

  • @[email protected]
    53•5 months ago

    The economy booming means that shareholders make big returns. It doesn’t have any connection to workers. Worker benefits are rarely connected to how well economies or companies are doing. It doesn’t really relate to inflation. It’s just a measure of how well businesses are doing. They are doing well thanks to taking more out of your monthly.

    • @[email protected]
      20•5 months ago

      This is exactly along the lines of what I thought. It’s just so strange to me to have people cheer a good economy when it can mean so little for your average peon.

      • @[email protected]English
        1•5 months ago

        That’s because they’ve been conditioned to believe that the economy as a whole doing good somehow means something for the average person.

    • @[email protected]
      3•5 months ago

      Bingo. The company I work for just announced their 2023 results: successful but not as wildly successful as they’d hoped. Accordingly, stockholders get larger dividends than ever before while employees get layoffs, rolling furloughs, and pay cuts.

    • btaf45OP
      -17•5 months ago

      It doesn’t have any connection to workers.

      Someone didn’t read the article.

      [The US economy added a whopping 353,000 jobs last month]

      • NixEnglish
        24•5 months ago

        Jobs that dont pay enough to afford a house, rent, healthcare or basic living standards. Also its probably a lot of people who got hired for a second or third job